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Founded in the year 1886, the Coca Cola company enjoys the status of
being one of the biggest non alcoholic beverage companies of the
world. It has a distribution system, which makes it unique from the rest
of the non alcoholic beverage manufacturers. Over the years, Coca
Cola has passed several tests of brand enhancement and the company
makes it a point that the products under the banner Coca Cola
continue to invade the minds of the consumers.
• Afford ability
• Availability
• Acceptability
However, this brand development strategy of Coca Cola was re worked
to stress on the following instead:
• Price value
• Preference
• "Pervasive penetration".
The essence of brand building of the company lies in the fact that it wants its
consumers accessibility to be "within an arm's reach of desire". In an
attempt to build its brand identity, as many as 20 brand attributes are tested
every month involving as many as 4000 customers. The brand development
strategy of Coca Cola is effective as it has been able to construct, manage
As well as maintain its brand image.
Another reason why this brand has gained unanimous acceptance all around
the globe is due to the fact that it has been able to connect very well with its
consumers. This implies brand loyalty. Brand loyalty has been instrumental
in keeping up the brand image of Coca Cola. It believes in shelling out the
best so that the consumers are retained by default. A part of the brand
building technique is also to enhance "purchase frequency". The company
has also invested in various advertisement campaigns often engaging the
services of celebrities around the globe. In addition to the consumers, there
is another category of consumers, who increase the consumer base and they
constitute the collectors of the brand. The collectors usually indulge in
collecting old as well as upcoming logos of Coca Cola, bottles and literary
matter.
With regard to the brand development of Coca Cola Zero, the company came
out with an advertisement, which was quite different from the conventional
ones. In this regard, (no calorie beverage), it has shelled out three types of
products.
There are few experts who believe that when Coca Cola had the tag line of
"The Real Thing", it was really that but with the invention of various
categories of coke, the "real thing" changes to "many things", and the
original flavor is usually lost. Hence, the brand building strategies
should be such that it does not confuse people and is able to retain
consumers despite the fact that several new non alcoholic beverage
firms are on the anvil.
Brand Equity-:
“The brand assets (or liabilities) linked to a brands name and symbol that
add from a service.”
Coca-Cola's brand equity is difficult to measure because they have extended their brand to
include numerous products. In addition to the numerous of versions of Coca-Cola worldwide
that compete against other beverage brands, Coca-Cola competes with itself. Nationally
there are numerous versions / brands that are a part of the Coca-Cola family. Some of the
brands include Coca-Cola Classic, Dasani Water, Full Throttle, Fanta, and Soy Products. In
addition to competing against itself the Coca-Cola Company has saturated the market and
consumers who may dislike one product may actually enjoy a different Coca-Cola product.
However, the consumer may be unaware that the beverage is actually in the Coca-Cola
family. As a result measuring brand equity may be difficult as consumers may be loyal and
repeat customers of a brand and not know its origin.
Coca Cola was taking its core product, Coke, and expanding the product in new
form factors and new overseas markets. The brand promise stayed the same
whether it was sold in a Coke store in New York or a road side stand in Mongolia -
refreshment, good times, and pure Americana.
Despite the numerous brands and the difficulty in measuring brand equity it is evident that
Coca-Cola has high brand equity. They are a company who has been in business for many
years they have gained the business of consumers in the soda market as well as numerous
other beverage markets nationally and internationally. Their sales and growth show that
they are a successful company
Brand identity
the brand identity is the audio-visual 'face' of the brand - the cues that tell you that you are are in
the right place. The brand definition is the formal description of what the brand stands for within different
description categories - its personality, its values, its stories, its emotional benefits etc.. The brand
proposition is the 'deal' the brand is offering you at any given moment
Just coca cols has remained to its time tested identity u have the equallly
relivant to you. This brand identity should reflect your own unique equity and care
essence this will ensure your brand creativity and identity that is meaning ful and
sustainable in long term.
Brand image-
“A unique set of associations in the mind of customers concerning what a
brand stands for and the implied promises the brand makes.”
There could be hardly any person around the world that hasn't heard the
name Coca Cola. Ever since it beginning as world's leading name in cold
drinks, Coca Cola has created a strong brand image irrespective of age, sex
and geographical locations. Millions of people around the world are
consuming cold drinks or soft drinks as part of their daily meal. Coca Cola,
ever since its inception has been the leader in soft drink market.
Brand loyalty
Brand loyalty is a central construct to marketing. Keeping the consumer
satisfied, and loyal enough to frequently purchase just one brand, is more
difficult in today’s marketplace than ever before. But today, major brands
are experiencing heightened brand loyalty due to the growing popularity of
the brand as a collectible.
A recent Coca-Cola annual report reported that the second most recognized
expression in the world after “ok?” is “Coca-Cola.”
Brand personality:-
Brand Personality identity is understood as the set of human characteristics
associated with a brand. The brand image building strategy implies the
definition of a brand personality and a user personality.
1) Are well-known,
1. Brand Attributes
2. Consumer Expectations
3. Competitor attributes
What the other brands in the market offer through features and benefits to
consumers.
4. Price
5. Consumer perceptions
The perceived quality and value of your brand in consumer’s minds (i.e.,
does your brand offer the cheap solution, the good value for the money
solution, the high-end, high-price tag solution, etc.?)
As part of a healthy, varied and balanced diet and an active lifestyle, all
products can be enjoyed by the majority of people.
Coca cola respect and support the primary role that parents play in decisions
affecting the lives of young children, including choices about diet and
lifestyle. Beverage choice, like food selection, is a role for parents and we
assist them in this through the provision of nutrition information and by
making available a wide range of products suitable for all ages, stages and
occasions.
For healthy active and growing children, beverages higher in energy can be
enjoyed as part of a balanced and varied diet. However, we also provide a
range of low or no-kilojoule products also suitable for children.
The Pump water brand is now a major sponsor of the Heart Foundation's
Jump Rope for Heart programme that runs in schools across New Zealand
and through the Powerade sports drink brand, we support numerous sporting
events around the country.
Labelling
Packaging
Information Programmes
Coca cola’s consumer contact centre provides around the clock access to
information about the companies.
Pricing
Brand extension :-
Brand extension or brand stretching is a marketing strategy in which a firm
marketing a product with a well-developed image uses the same brand name
in a different product category. Organizations use this strategy to increase
and leverage brand equity (definition: the net worth and long-term
sustainability just from the renowned name)
Conclusion:-
The progress and advancement in the field of technology in the fields of soft
drink raw material, production, manufacturing, information and
communication technology and logistics have great positive impacts on the
operations and sales of Coca-Cola. The availability of new soft drink
ingredients enables Coca-Cola to introduce new variety of its products to its
existing consumers, not forgetting to attract the new consumer groups. The
use of the latest information technology has made able the company to
attract the new generation of soft drink consumers with the latest features of
song downloading. Also the existence of company website has enabled the
world to be in touch with the latest progress, promotions and offers of Coca-
Cola.